Bow Valley Regional Housing (BVRH) is a provincial commission with five member municipalities including Banff. They provide seniors housing in the Bow Valley. The municipal housing levy supports community housing initiatives within Banff. The levy has been listed separately from the rest of the municipal tax to provide transparency regarding the cost to property owners for current and future housing initiatives.
The other two portions of property taxes are the municipal levy for services such a police, fire, recreation and snow removal and the Alberta School Foundation Fund (ASFF) which is a provincial education tax.